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Cook Islands gold note shows technology remonetizing gold
3:35p ET Monday, July 23, 2018
Dear Friend of GATA and Gold:
Gold is back in circulation in small denominations as official government currency issued by the small South Pacific country of the Cook Islands, whose gold-containing bills are manufactured by the Valaurum company in Portland, Oregon.
The bills were publicized today by Thom Calandra of The Calandra Report as a reminder that there are entirely practical ways of putting gold into circulation in amounts usable for ordinary daily transactions.
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Of course since the Cook Islands are too remote for a shopping trip for anyone who doesn't live there already, the bills most likely will find use as curiosities and collector's items. But they demonstrate that technology easily will remonetize gold as soon as governments get out of the way of free markets, which may be another reason why governments fear and undermine gold so.
The announcement of the Cook Islands gold note from Valaurum is posted at Calandra's internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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